Nevada Gaming Win & Revenues (July #s)

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $922.8 million for the month of July 2015. This amounts to a 0.96% decrease compared to July 2014, when licensees reported a gaming win of $931,875,046.

On the Strip, gaming revenue declined 2.1% to $524.9 million.

Downtown Las Vegas casino revenue grew 6.5% and non-downtown locations increased revenue 6%. Those numbers were offset by an 11% revenue decline on the Boulder Strip, which includes Henderson casinos, and a 9.4% dip in North Las Vegas.

Northern and rural Nevada helped offset Southern Nevada’s declines, though.

Washoe County gaming revenue grew 4.8%, which included a nearly 6% jump in Reno. Elko County saw revenue climb 10%, which included a 14% jump in Elko. Carson Valley saw a 10.3% increase.

The State collected $56.9 million in percentage fees during the month of August 2015*, based upon the taxable revenues generated in July 2015. This represents a 7.48% (or $3,961,937) increase compared to the prior year’s August, when percentage fee collections were $52,986,020.

For this first two months of the fiscal year, total gaming tax collections are up 9%.